State of Wyoming Grows Stock Holdings in Oshkosh Corporation $OSK

State of Wyoming lifted its stake in Oshkosh Corporation (NYSE:OSK) by 404.2% during the third quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 4,810 shares of the company’s stock after purchasing an additional 3,856 shares during the quarter. State of Wyoming’s holdings in Oshkosh were worth $624,000 as of its most recent filing with the Securities & Exchange Commission.

A number of other institutional investors and hedge funds also recently added to or reduced their stakes in the stock. Convergence Investment Partners LLC purchased a new position in Oshkosh during the third quarter valued at $1,162,000. Midwest Professional Planners LTD. increased its holdings in shares of Oshkosh by 2.0% during the third quarter. Midwest Professional Planners LTD. now owns 29,295 shares of the company’s stock valued at $3,800,000 after acquiring an additional 578 shares in the last quarter. Mutual Advisors LLC purchased a new position in shares of Oshkosh in the 3rd quarter worth about $849,000. Thrivent Financial for Lutherans boosted its stake in Oshkosh by 4.6% in the 3rd quarter. Thrivent Financial for Lutherans now owns 20,812 shares of the company’s stock worth $2,699,000 after purchasing an additional 907 shares in the last quarter. Finally, Keybank National Association OH bought a new position in Oshkosh in the 3rd quarter worth about $422,000. Institutional investors own 92.36% of the company’s stock.

Oshkosh Stock Up 4.0%

OSK stock opened at $149.55 on Tuesday. The company has a market cap of $9.46 billion, a price-to-earnings ratio of 14.92, a P/E/G ratio of 2.07 and a beta of 1.43. The company has a debt-to-equity ratio of 0.24, a quick ratio of 1.05 and a current ratio of 1.94. The business’s 50-day moving average is $137.43 and its two-hundred day moving average is $133.95. Oshkosh Corporation has a fifty-two week low of $76.82 and a fifty-two week high of $158.53.

Oshkosh (NYSE:OSK) last released its quarterly earnings results on Thursday, January 29th. The company reported $2.26 earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $2.33 by ($0.07). Oshkosh had a net margin of 6.21% and a return on equity of 15.69%. The firm had revenue of $2.69 billion for the quarter, compared to the consensus estimate of $2.60 billion. During the same quarter in the prior year, the firm earned $2.58 earnings per share. The company’s revenue for the quarter was up 3.5% compared to the same quarter last year. As a group, analysts forecast that Oshkosh Corporation will post 10.96 earnings per share for the current year.

Oshkosh Increases Dividend

The firm also recently declared a quarterly dividend, which will be paid on Tuesday, March 3rd. Shareholders of record on Tuesday, February 17th will be given a $0.57 dividend. The ex-dividend date is Tuesday, February 17th. This is a boost from Oshkosh’s previous quarterly dividend of $0.51. This represents a $2.28 annualized dividend and a yield of 1.5%. Oshkosh’s payout ratio is 20.36%.

Wall Street Analysts Forecast Growth

A number of analysts have weighed in on the stock. Wall Street Zen cut shares of Oshkosh from a “buy” rating to a “hold” rating in a report on Saturday. Argus decreased their price objective on shares of Oshkosh from $175.00 to $160.00 and set a “buy” rating for the company in a report on Wednesday, December 10th. Morgan Stanley upped their price objective on Oshkosh from $147.00 to $155.00 and gave the company an “equal weight” rating in a research report on Friday, January 23rd. Robert W. Baird set a $182.00 price target on Oshkosh in a research note on Friday. Finally, Zacks Research cut Oshkosh from a “hold” rating to a “strong sell” rating in a research report on Thursday, January 22nd. Twelve equities research analysts have rated the stock with a Buy rating, four have given a Hold rating and two have given a Sell rating to the company. Based on data from MarketBeat, the company presently has a consensus rating of “Moderate Buy” and a consensus price target of $157.27.

Oshkosh Profile

Oshkosh Corporation (NYSE: OSK) is a leading designer, manufacturer and marketer of specialty trucks, military vehicles and access equipment. The company’s offerings span critical end markets, including defense, fire and emergency services, commercial construction and industrial sectors. By combining engineering expertise with advanced technologies, Oshkosh delivers solutions that enhance mobility, safety and productivity for its customers.

Founded in 1917 and headquartered in Oshkosh, Wisconsin, the company has evolved from producing heavy-duty dump trucks to a diversified portfolio of products and services.